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Taxpayer - Law Dictionary Search Results

Home Dictionary Name: taxpayer

taxpayer

taxpayer a person as an individual or corporation that pays or


letter

and disputes the auditor s determination that sets out the taxpayer s right to appeal note a taxpayer has 30 days


exemption

exemption that is allowed for the taxpayer or for the taxpayer and spouse if filing a joint return b the right


at-risk rule

take for a loss to the amount for which the taxpayer is personally liable


basis

revenue code has set some limits on which method a taxpayer may use for figuring taxable income for example a corporation


dependent

is dependent esp a close relative or member of a taxpayer s household who receives over half of his or her


foster child

with the taxpayer for the entire year and whom the taxpayer treated as his or her own child


private letter ruling

a letter from the internal revenue service to an individual taxpayer setting out the agency s interpretation of the tax rules


adjustment to income

income an expense that can be deducted even if the taxpayer does not itemize deductions


assignment

debtor s debts assignment of income an assignment by one taxpayer to another of income for the purpose of avoiding taxes


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